Mpofu, widely believed to be one of the country’s richest ministers, said he was not involved in running the bank.

He was handed the financial institution by former Reserve Bank of Zimbabwe governor Gideon Gono in 2012 after reportedly injecting about $23 million in new capital.

Confirming the deal at the time, Gono said Mpofu effectively rescued the bank from possible collapse after it had struggled to meet new minimum capital requirements.

“Dr Obert Mpofu … came forward with his money and sought permission to take over ZABG bank which was ailing,” RBZ chief Gideon Gono said in March last year.

“We gave him two years within which to regularise the ownership structure of that bank … which he committed to do but for the time being he has put in money and is a 99,9 per cent shareholder.”

However, the minister has not invested more money to support the bank and it has since been revealed that he did not acquire the institution for cash.

A confidential RBZ report leaked last year stated that: “properties contributed as capital by the major shareholder are yet to be transferred into the bank’s name, notwithstanding the waiver granted by Zimra (Zimbabwe Revenue Authority) on the payment of capital gains tax.”

Track the history of major corporate business and you normally find the person who started it worked their socks off and sometimes made difficult decisions and sacrifices to grow that business to the stage it is now. Such people tend to value hard work. They are not afraid to sweat a little. Their first car was far from a mercedes benz curtesy of the reserve bank.They did not wake up one morning and raid some Government coffer to get rich.

They have leart the ropes of business the hard and determined way.

These opportunistic businessmen who rise by night like dew and diasaapear in the morning soon as the sun comes have no roots, no foundation,no business ethics nothing. Just a get rich quick-buy a mansion and marry a young wife show off mentality.
You will nevr be Bill Gates or Steve Jobs with such a mentality.